US EditionEgyptian Power Company to Invest Billions in Algeria
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Egyptian power company to invest billions in Algeria
Egyptian company Elsewedy Electric will invest nearly $2.5 billion in renewable energy and other projects in Algeria under an agreement signed on Monday. The capital will expand Elsewedy’s investments in the gas-rich North African country to nearly $3 billion, its manager Awad Al-Halwani said. He told the Algerian state news agency that the company is also negotiating with the Algerian government for the establishment of 10 other projects during…
Egypt’s Elsewedy Electric to invest US$2.5 billion in Algeria’s energy sector
Egyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed a memorandum of understanding for US$2.5 billion of investments in Algeria. The agreement, signed on the sidelines of the Intra-African Trade Fair (IATF) in Algiers, covers the creation of an industrial base focused on electrical industries and renewable energy. It also includes technology transfer, …
Intra-African trade – L的Afreximbank announced the creation of the African Trade and Distribution Society, a new structure with an initial capital of $1 billion. The official launch took place on 5 September 2025 in Algiers, on the sidelines of the African Diaspora Day and the 4th edition of the African Trade Fair (IATF 2025). Afreximbank inaugurates a company dedicated to trade and distribution with a capital of $1 billion. This initiative aims …
On the sidelines of the 4th edition of the African Trade Fair (IATF 2025) in Algiers, the outgoing President of the African Import-Export Bank (Afreximbank), Benedict Oramah, today recalled the key role of the African diaspora in the world for the success of the Africa Trade and Distribution Company (ATDC), a joint initiative of Afreximbank,...
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